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Retail sales rebound by 7.1 pct in July for first time in thirteen months
EconomyMacroeconomyThe turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop... drop of 7.2 percent in the corresponding period last year. The breakdown showed turnover in almost... store category that posted a month on month (MoM) drop in July was retail sale not in stores, where
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy. On the flipside, direct taxes are estimated to drop by around 300 million to 20.42 billion in 2017. On the cost front, primary expenditure is projected to drop by more than 1.4 billion euros to around 44 billion... clearance. However, the debt to GDP ratio is expected to drop to 176.5 percent in 2017 from 180.3
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeatures. Employment in the tourism sector grew by 7 percent between 2008-2016 versus the 23 percent drop.... With around 60 percent of these visitors staying in hotels, this rise comfortably offset the drop... conditions of 2015 also led hoteliers in Greece to drop their rates under pressure from travel agencies
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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomy. The month-on-month decline is the most substantial for the year so far and surpasses the drop in June... in the Emergency Liquidity Assistance (ELA) funding by 3.37 billion, the largest drop since June 2016... be reduced further by 1.6 billion euros to 38.9 billion. The drop reflected “developments in the liquidity
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Industrial production falls by 1.2 pct in May
EconomyMacroeconomyMarch’s drop of 0.2 percent. Month-on-month (MoM), the index declined by 2 percent after a revised... and quarrying production index. A drop of 2.7 percent was also noted in the water supply index. Meanwhile... (+1.6 percent) and capital goods (+1 percent). A drop of 10 percent was noted in energy production
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Industrial turnover edges down by 0.5 pct in September
EconomyMacroeconomy, while the turnover in the non-domestic market rose by 1.7 percent. The drop in the domestic market was driven by a drop of 8.3 percent in the turnover index in mining and quarrying. The turnover... was seen in energy. Within the mining and quarrying sector, the biggest drop was seen in the category
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Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
EconomyMacroeconomyemployment stood at 3.87 million people. The drops in those employed was offset by a sharper drop... percent, equal to a fall of 1.8 pps year-on-year. Broken down by age group, the largest annual drop... for this age group stands at 19.8 percent. The lowest drop in unemployment was seen in those aged 35-44
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Travel balance falls by 97.8 pct in April
EconomyMacroeconomyof 5.3 percent. For euro-denominated countries, receipts showed a drop of 99.5 percent to around... percent to 2,400. The sharp drop in travel numbers and receipts is connected to the coronavirus pandemic... of the year, travel receipts fell by 51.4 percent to 626.4 million euros. Payments also recorded a drop
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomypercent. For euro-denominated countries, receipts showed a drop of 99.7 percent to around 1.9... percent to 3,700. The sharp drop in travel numbers and receipts is connected to the coronavirus pandemic... of the year, travel receipts fell by 78.5 percent to 613.7 million euros. Payments also recorded a drop
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PMI drops to 46.8 points in July amid Covid-19 uncertainty
EconomyMacroeconomyoverall, but firms highlighted further evidence of a drop in client demand following the pandemic... this drop to the sharp decline in tourism this year, which affected sales inflows. Although the rate.... Manufacturers also noted weak demand from key export markets due to a strong drop in demand from abroad
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